Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Receives $10.38 Average PT from Brokerages

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.6250.

SVM has been the topic of a number of recent analyst reports. Roth Mkm upgraded shares of Silvercorp Metals from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.25 to $13.75 in a report on Monday, June 15th. Jefferies Financial Group upgraded shares of Silvercorp Metals to a “buy” rating in a report on Monday, June 15th.

Institutional Investors Weigh In On Silvercorp Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in Silvercorp Metals by 24.2% in the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Silvercorp Metals by 238.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock worth $77,244,000 after purchasing an additional 6,511,389 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Silvercorp Metals by 38.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after purchasing an additional 2,534,155 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Silvercorp Metals by 29.6% in the fourth quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company’s stock worth $57,097,000 after purchasing an additional 1,562,525 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Silvercorp Metals in the fourth quarter worth approximately $35,248,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

Shares of SVM opened at $11.32 on Monday. The stock has a market cap of $2.50 billion, a PE ratio of -282.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.50 and a current ratio of 3.58. Silvercorp Metals has a fifty-two week low of $3.96 and a fifty-two week high of $15.77. The firm’s 50-day simple moving average is $12.33 and its two-hundred day simple moving average is $11.05.

Silvercorp Metals Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, June 25th. Investors of record on Friday, June 5th will be issued a $0.0125 dividend. The ex-dividend date is Friday, June 5th. This represents a yield of 23.0%. Silvercorp Metals’s dividend payout ratio (DPR) is currently 8.33%.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low?cost, high?grade silver projects, producing concentrates that are sold to smelting partners under long?term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub?district mines, and the GC and HPG silver?lead?zinc projects in Guangxi Province.